(2) To redeem collateral, a person shall tender:
(a) Fulfillment of all obligations secured by the collateral; and
(b) The reasonable expenses and attorney fees described in ORS 79.0615 (1)(a).
(3) A redemption may occur at any time before a secured party:
(a) Has collected collateral under ORS 79.0607;
(b) Has disposed of collateral or entered into a contract for its disposition under ORS 79.0610; or
(c) Has accepted collateral in full or partial satisfaction of the obligation it secures under ORS 79.0622. [2001 c.445 §121]